VÚB Bank, in collaboration with its parent company Intesa Sanpaolo, has introduced a new Digital Investment Certificate for clients interested in investing in European bank shares. The certificate is linked to the Euro Stoxx Banks Index, which tracks the performance of major European banks.
The investment product offers a potential annual return of 4.7%, features a memory effect allowing investors to earn missed coupons from previous periods, and provides partial protection of up to 95% of the invested amount if held until maturity. The certificate matures over three years, with the subscription period for the current €20 million issue closing on November 13, 2025. Each certificate is priced at €1,000.
Peter Dudák, Director of the Premium Clients and Private Banking Department at VÚB Bank, commented: “The product is intended for investors who have confidence in the banking sector, and it may also be a suitable means of diversifying investment risk. Investors in this product expect European banks to continue to perform well. Their shares have grown in recent years, some significantly, mainly due to expected mergers,” adding: “Financial institutions are expected to operate more efficiently. The cost-to-income ratio should fall below 50% in 2027. The good news is that banks are capital-strong – even in the event of a major crisis, most of them would be able to cope with the situation without any problems. At the same time, bank shares are still cheaper than the European market average.”
Investors will receive an annual interest rate of 4.7% if on certain dates the value of the underlying asset equals or exceeds its value at issuance (November 18, 2025). The certificate’s maturity date is set for November 20, 2028; however, holders may sell their certificates earlier on secondary markets.
The memory effect feature ensures that if by November 16, 2028 (the end of three years) the underlying asset’s value matches or surpasses its initial level at issuance, all unpaid interest from previous years will be paid out. If by maturity it falls between or below specific thresholds but not lower than 95% compared to initial value—and provided clients hold until maturity—there is protection covering up to 95% of invested funds.
Investment certificates such as this one generally present medium-low risk and can offer regular income based on how their underlying assets perform; these assets may include stocks or indices among others. While they provide partial capital protection under certain conditions and can suit those seeking medium-term investments with some prior experience in similar products, there remains potential for loss if performance deteriorates.
Potential investors are advised that returns are not guaranteed and should consult with bankers regarding suitability according to individual objectives and investment horizons.
More information about fees and other details can be found at www.vub.sk/ludia/investovanie/investicne-certifikaty.html.
Marketing materials remind prospective buyers that investing involves risks—including possible loss—and past results do not predict future outcomes; tax treatment depends on personal circumstances which may change over time. Additional details about services and associated risks are available through VÚB outlets or online via https://www.vub.sk/ludia/investovanie/investicne-certifikaty.html.
